Information for Duncan Corporation is shown below:   20X1 Net Income ₱   400,000    Average Investment ₱1,000,000  Sales Revenue ₱2,000,000  The sales margin is... Show solution Group of answer choices 70% 40% 20% 25%

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Information for Duncan Corporation is shown below:

 

20X1

Net Income

₱   400,000   

Average Investment

₱1,000,000 

Sales Revenue

₱2,000,000 

The sales margin is... Show solution

Group of answer choices

70%

40%

20%

25%

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